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Why Fox Business Network's Charles Payne has owned Apple stock for more than 30 years
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Listen and subscribe to Opening Bid Unfiltered on Apple Podcasts, Amazon Music, Spotify, YouTube, or wherever you find your favorite podcasts. Apple's (AAPL) stock has rewarded the patient investor — just ask longtime shareholder Warren Buffett! Ditto author, investor, and Fox Business Network host Charles Payne. "Apple, I've had [owned] for like, maybe 30 years or something like that," Payne said in a new episode of Yahoo Finance's Opening Bid Unfiltered podcast (see video above or listen below). "I just didn't have enough of it." He said his one big regret on Apple is not buying more when co-founder Steve Jobs returned to lead the company in 1997. "When Steve Jobs sold all of his stock, I became very cautious. I just never added to it or bought more," he recalled. "When he came back to the company, obviously, I should have started buying more. It's another one of those tales where these founder-led companies do so much better than any other kind of stock investment out there over time." Payne has lived the American Dream, transitioning from a challenging childhood in Harlem to the pinnacle of financial media. His interest in the stock market began at age 14, when he promised his mother he would one day work on Wall Street. After enlisting in the US Air Force at 17, Payne used his time in the military to begin his education, eventually launching his finance career in 1985 as an analyst at E.F. Hutton. In 1991, with less than $10,000 in capital, he founded his own independent research firm, Wall Street Strategies (where I began my career as a stock analyst). Today, Payne is recognized as the host of "Making Money with Charles Payne" on the Fox Business Network, where he has become a leading voice for retail investors. He has authored several bestselling books, including his most recent tactical guide, "Unbreakable Investor." "I think newer investors make the classic mistakes," Payne said. "You know, people think a cheap stock has something to do with the dollar value. They'd rather buy a hundred shares of a $1 stock than one share of a $100 stock." He and other Apple investors — new and old — are nearing another decision moment: buy, sell, or hold as the company transitions to a new CEO. Apple said this month that longtime CEO Tim Cook will step down later this year and become executive chairman. He will be succeeded by John Ternus, currently Apple's senior vice president of hardware engineering. Ternus will take the helm on Sept. 1. The timing of the announcement caught some on Wall Street by surprise. But B. Riley chief market strategist Art Hogan and Visible Alpha Research at S&P Global head Melissa Otto each raise a good point: Apple is likely poised to report a strong quarter on April 30. "You don't make an announcement like this on a Monday night if you think you're missing your earnings," Hogan said on Yahoo Finance's Opening Bid. "One signal you can take from this right now is the earnings are in the bag, and the guidance is going to be positive. That's my only takeaway. I think the new guy is going to be fine." Otto said, "I think net net, [earnings] are looking fairly resilient as we look forward. The real issue is going to be around the commentary and what sort of visibility the new leadership is going to give around their strategy for innovation and also for growing services." Each week, Yahoo Finance Executive Editor Brian Sozzi fields insight-filled conversations and chats with the biggest names in business and markets on Opening Bid Unfiltered. You can find more episodes on our video hub or watch on your preferred streaming service. Brian Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email brian.sozzi@yahoofinance.com. Click here for in-depth analysis of the latest stock market news and events moving stock prices Read the latest financial and business news from Yahoo Finance
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